Assignment Task Two (300 words - 7 marks)

The coronavirus intervened Australia in early 2020.

On 12 May, the Morrison government issued an unprecedented progress report on the delayed budget, outlining the coronavirus pounding to the national economy and the huge outlay to deal with the pandemic.

What were the main issues presented? How do you think they would affect the economy, social and employment situation in the near future?

Bifocal glasses are used to correct both nearsightedness and farsightedness at the same time. (Figure 1)

Part A: If the near points in the right and left eyes are 38.0 cm and 46.0 cm , respectively, and the far point is 210 cm for both eyes, what are the powers of the lens prescribed for the right eye? (Assume that the glasses are worn 3.00 cm from the eyes.)

Part B: What are the powers of the lens prescribed for the left eye?

As a response to the economic slowdown following the financial crisis, the Fed cut the Federal funds rate to near 0 by the end of 2008, and tried to provide further monetary stimulus through “unconventional” policies. In a short paragraph, describe some of these unconventional tools that were used by the Fed during this period, and explain how these tools could increase demand even when the Fed funds rate stays constant at zero.

Please create a PESTEL analysis for Kirkland's, Inc. Home Decor. Answer How, for instance, is the current political environment of your organization affecting it? (Consider everything from local to national politics!) How may various changes in the political environment in the future (both the near future and further out) affect it? Repeat and answer these two questions for the economy, society and culture, technology, natural environment, and the legal and regulatory milieu.

Draw something interesting with JavaFX. The drawing must be something coherent - random shapes on the canvas will not receive near full marks. Your drawing must make use of at least the following:

1) a compound object generated by a for loop

2) each of a rectangle, arc, circle, ellipse, line,

3) at least 15 shapes overall

4) 5 different colours

5) the use of translation, rotation, and scaling

Training programs are at the heart of person-focused pay programs. The following is a sample training budget.

Development costs (salaries, benefits of personnel, equipment) = $30,000

Direct implementation costs (training materials, technology costs, facilities, travel, equipment, instructor’s salary and benefits) = $12,500

Indirect implementation costs (overhead, general, administrative) = $95,000

Compensation for employees while they are in training = $240,000

Lost productivity or costs of ‘backfilling’ positions during the training = $200,000

1) Add the costs listed and enter the total cost of training based on the data above:  

2) Assume that 100 employees will participate in this training program. What is the average training cost per employee? (hint: divide total cost by number of employees):  

3) Employee salaries are based on an hourly rate of $20 and 100 employees receive training. Based on total compensation for employees while in training (see line item 5 above), how many hours does each employee spend in training? (hint: There are several ways to do this. One way is to take your total cost from line 5, divide it by number of employee receiving training to calculate the cost per person. Then take that cost per person in dollars and divide it by their hourly rate).

A DI has assets of $30 million consisting of $7 million in cash and $23 million in loans. It has core deposits of $20 million. It also has $5 million in subordinated debt and $5 million in equity. Increases in interest rates are expected to result in a net drain of $1 million in core deposits over the year. a-1. The average cost of deposits is 5 percent and the average yield on loans is 8 percent. The DI decides to reduce its loan portfolio to offset this expected decline in deposits. What is the cost of the firm from this strategy after the drain? (Enter your answer in dollars not in millions.) Cost of the drain $ a-2. What will be the total asset size of the firm from this strategy after the drain? (Enter your answer in millions.) Total asset size $ million b-1. If the cost of issuing new short-term debt is 6.2 percent, what is the cost of offsetting the expected drain if the DI increases its liabilities? (Enter your answer in dollars not in millions.) Cost of the drain $ b-2. What will be the total asset size of the DI from this strategy after the drain? (Enter your answer in millions.) Total asset size $ million

1.By definition, price discrimination is when people are charged different prices based on their ethnicity, race or gender.

True

False

2.All theoretical monopolists are assumed to be able to price discriminate.

True

False

3.In a perfectly competitive market, as described in the Mankiw text, each firm has an incentive to watch the behavior of other competitive firms in the market, and to adjust to the behavior of other individual firms.

True

False

4.Standard Economic theory as presented in the text by Mankiw suggests that the firm should produce a positive amount of output so long as average sunk costs are below marginal revenue.

True

False

5.if Average Fixed Cost is falling, then Average Total Cost must also be falling as output increases.  

True

False

6.If a profit maximizing theoretical competitive firm (as described in the Mankiw text) has total revenue larger than average variable costs, but smaller than average total cost; then it is earning negative profit, but will NOT shut down in the short run.

True

False

7.If average total cost is falling as output increases, then marginal cost must be falling as well.

True

False

8.Sunk costs are one component of the Marginal Cost

True

False

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Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the department’s cost records, Professor Morton has found the following total cost associated with Finance 101 over the last five terms:

Professor Morton knows that there are some variable costs, such as amounts paid to graduate assistants, associated with the course. He would like to have the variable and fixed costs separated for planning purposes.

3-a. Assume that because of the small number of sections offered during the Winter Term this year, Professor Morton will have to offer nine sections of Finance 101 during the Fall Term. Compute the expected total cost for Finance 101.

3-b. Can you see any problem with using the cost formula from (2) above to derive this total cost figure?